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Realty firm: Transaction value rose 35% in 2013

Damianos Sotheby’s International Realty has named its 2013 Top Producers, following a year in which the firm’s total transaction value increased by 35 per cent over 2012. They are:

Branding that goes beyond a mere logo

By Deidre Bastian

Q1 opening eyed for Palm Cay restaurant

Two experienced restaurateurs are set to open Palm Cay’s Billfish Grill during the 2014 first quarter, ensuring eastern New Providence residents no longer have to drive far to dine out.

Seaplane service to Hope Town confirmed

Fort Lauderdale-based Tropic Ocean Airways yesterday confirmed its inaugural twice weekly scheduled seaplane service to Hope Town, Abaco, will begin this Valentine’s Day on Friday, February 14.

Senior attorney guilty of 'gross misconduct'

A ‘senior attorney’ has been found guilty of “gross misconduct” in his representation of clients who acquired property at Exuma’s controversy-stricken Oceania Heights development.

BISX targeting 'same level of success and more' on fund listings

The Bahamas International Securities Exchange (BISX) yesterday said it was aiming to “achieve the same level of success as last year and then some” when it comes to attracting new fund listings in 2014.

Gov't urged: 'Get serious' on public pensions reforms

A top accountant yesterday urged the Government “to get serious” on making changes to civil service pensions, warning that ever-increasing unfunded liabilities threatened to create “huge deficits” regardless of fiscal reform.

Receivers accused of 'outrageous privacy invasion'

A Bahamian realtor has accused the former receivers for Abaco’s Orchid Bay project of “an extensive and outrageous invasion of privacy”, and denied inferences that he or his family had “behaved in any way fraudulently”.

$150m investment targeted for BTC

CABLE & Wireless Communications (CWC) plans to invest $150 million in further building out the Bahamas Telecommunications Company’s (BTC) infrastructure over the next three years, its group chief executive said yesterday.

Mango targets 'Visa-enabled' card relaunch

TRANSFER Solutions Providers (TSP) will relaunch its Mango Card by next month as a “Visa-enabled” product, with expectations of having a “full suite” of Mango mobile-money products in the market by year’s end.

Arbitration: Bahamas 'has much going for it'

THE Bahamas has “a lot going for it” to ultimately become a major international arbitration and alternative dispute resolution centre, a leading expert in the field said yesterday.

Small exporters urged to attend grant 'shop

The Minister of Financial Services yesterday urged small and medium-sized exporters to attend today’s grant writing workshop, neing staged by the Caribbean Export Development Agency (CEDA) in collaboration with the Bahamas Chamber of Commerce and Employers Confederation (BCCEC).

Engineering firm in Caribbean expansion

A Bahamian engineering company has met with the Oklahoma City-based developer of Star Building Systems to discuss expansion throughout the Caribbean.

Port, Chamber partner over grants workshop

The Grand Bahama Port Authority (GBPA) partnered with the Grand Bahama Chamber of Commerce and Caribbean Export Development Agency (CEDA) to host another successful grant writing workshop for small and medium-sized enteprises on Grand Bahama.

Trust gets 2% of BTC in 'face saving deal'

The Bahamas Telecommunications Company’s (BTC) controlling shareholder will enable Perry Christie to claim he has regained majority ownership for the Bahamian people by handing 2 per cent of its equity stake to a foundation, in a deal where “everyone saves face”.

VAT 'won't be smooth' if July 1 target stays

Value-Added Tax’s (VAT) implementation “won’t be smooth” if the Government insists on its July 1 start, a Tax Coalition co-chair yesterday urging it be pushed back to a target date that will cause “the least amount of pain”.

Realtor: 'Business loss' drives appraisal battle

A senior realtor yesterday said large appraisers were “screaming murder” over two Canadian bank’s proposed management system because it would ensure they no longer received “the lion’s share” of business.

No final tariff list until two months pre-VAT

Bahamian businesses and consumers may not see the final revised Tariff Schedule until just two months before Value-Added Tax’s (VAT) implementation, a leading supermarket operator yesterday describing the proposed fiscal reforms as “still a nightmare”.

FATCA compliance no 'flip of switch'

A leading accountant yesterday described the mechanism the Bahamas will use to comply with the US Foreign Account Compliance Act (FATCA) as “no small undertaking”, suggesting there was no simple “flip of the switch” for providers once the Government has the necessary infrastructure in place.

Tourism body names new vice-president

The Bahamas Hotel and Tourism Association (BHTA) has named Suzanne Pattusch to replace Frank Comito as its executive vicepresident. She will assume the post on March 3, 2014.

MARKETING REVOLUTION: The seven essential business web pages

Brendon Burchard is a best-selling author who was in a serious car accident. In that moment, as he faced death, he realised he had not lived up to his true potential. He asked himself three questions: Did I live? Did I love? Did I matter?

Food retailers mixed on post-Xmas drop off

NASSAU-based food retailers have reported a “slight” to “considerable” drop-off in post-Christmas business, one telling Tribune Business he did foresee any major pick-up until around Easter.

Mario Carey Realty in Long Island expansion

Five years after Mario Carey Realty (MCR) first opened its doors in downtown Nassau, the firm is expanding again with plans to open a Long Island office.

'Asset preservation' key for troubled borrowers

Bahamian corporate liquidators will likely take on more of a management/receiver type role, a leading accountant believes, as banks and other creditors increasingly try to ‘nurse’ troubled borrowers back to health.

Oil explorer: 'Upside' in JV partner's exit

While most firms would bemoan the loss of a joint venture partner, the Bahamans Petroleum Company (BPC) yesterday said Statoil’s departure would create “upside” for its approved licence areas.